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Europe Daily Bulletin No. 10225

30 September 2010
Contents Publication in full By article 27 / 35
GENERAL NEWS / (eu) eu/state aid
Commission approves recapitalisation of Sparkasse KölnBonn

Brussels, 29/09/2010 (Agence Europe) - On 29 September, the European Commission approved €650 million recapitalisation provided by Germany in the context of the restructuring of Sparkasse KölnBonn, following the financial crisis. In exchange, the bank will concentrate on providing retail banking services to its traditional customer segments, i.e. private customers and SMEs, and withdraw from activities such as proprietary trading or investments in structured products and divest non-core...

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